BAKU, Azerbaijan, July 25. To date, a total of 3.56 billion manat ($2 billion) in mortgage loans has been issued to 54,912 borrowers through the Mortgage and Credit Guarantee Fund (MCGF).
Data obtained by Trend from the MCGF indicates that in addition to mortgage loans, guarantees and subsidies have been provided for loans totaling 581 million manat ($341.7 million).
Furthermore, 7,536 housing units have been allocated through rental arrangements.
The MCGF was established at the end of 2017 through the merger of the Azerbaijan Mortgage Fund and the Credit Guarantee Fund, and it serves as the legal successor to both institutions.
